10-30-2017, 02:43 PM | #1 |
Lieutenant Colonel
412
Rep 1,622
Posts |
1M Values
Thought I would share this... 29k mile 1M just sold on BAT for $64k. thats a good sign for values creeping up if you ask me.
https://bringatrailer.com/listing/2011-bmw-1m-12/
__________________
2023 G80 M3 2020 F87 M2C 2011 E82 BMW 1M Series Coupe Check me out at Point.Shift.Drive (YouTube) |
10-30-2017, 06:59 PM | #3 |
Colonel
2625
Rep 2,819
Posts
Drives: e82 1M, f87 M2cs
Join Date: Nov 2011
Location: Tri-Cities, Washington
|
This one only went for 45k, similar mileage, but had an accident, which was reportedly minor and was very well repaired. Seems like a pretty deep discount . . .
https://bringatrailer.com/listing/2011-bmw-1m-11/
__________________
1M track toy mods: BMS chargepipe, BMS OCC, ADE FMIC, ADE motor mounts, MadDad/Lightweight Ti exhaust, ADE custom oil thermostat/cooler, custom MHD tune, F10 550i clutch, Ohlins R+T, Vorschlag camber plates, M3 'vert FSB with Turner endlinks, Stoptech Trophy BBK.
|
Appreciate
0
|
11-01-2017, 01:09 PM | #4 |
First Lieutenant
318
Rep 337
Posts |
I think the seller was somewhat lucky that two people got into a bidding war over this car between $48k and the close at $64k.
It was a clean no-nav example, but it had 3 prior owners and average mileage for a 1M. |
Appreciate
0
|
11-01-2017, 03:19 PM | #5 |
Brigadier General
2343
Rep 4,347
Posts |
Clean no nav examples hard to find in US. So many were ordered with nav in us. Lovely car!
|
Appreciate
0
|
11-01-2017, 09:35 PM | #6 |
Private First Class
61
Rep 144
Posts |
Wow, that's crazy. To think I paid 20k for my 2011 135i with the same mileage, I can have 3 of those for the same price. I get the craze around these cars but don't see the value behind it. I suppose if you got the money to burn and the space then by all means.
__________________
2011 135i DCT, 33k miles FBO on custom e30 tune
|
Appreciate
0
|
11-01-2017, 10:59 PM | #7 | |
Disrupter
1566
Rep 2,484
Posts |
Quote:
The 1M is a rare and unique car; it doesn't drive like anything else out there. Is it worth $64K now? Probably not to me, but I paid around $45K for mine a couple of years ago, and I feel like I got a good deal. Similarly, my 135i offers up a driving experience you can't buy now in a new car, but it is a common experience in that I could easily replace it tomorrow with another one bought used, since these things are not exactly rare, and at a price less than I paid for mine, 2 years ago. That's the way these sorts of things go. The last little increment of performance or value always costs a lot more than the first 90 percent. Throw in rarity, and that's why some people pay $7500 for a bottle of Romanee Conti, or somewhat less for a bottle of Lafite Rothschild. Are the buyers stupid? I'd hesitate to say that. Would I pay that much for those bottles of wine? Probably not. |
|
Appreciate
1
doug_9992563.50 |
11-03-2017, 01:56 PM | #8 |
Lieutenant Colonel
412
Rep 1,622
Posts |
why do you think only 400? i was think closer to 700.
__________________
2023 G80 M3 2020 F87 M2C 2011 E82 BMW 1M Series Coupe Check me out at Point.Shift.Drive (YouTube) |
Appreciate
0
|
11-03-2017, 02:28 PM | #9 |
Captain
794
Rep 996
Posts
Drives: 2018 M2
Join Date: Aug 2017
Location: Winchester, CA
|
This upsets me because the 1M is one of my favorite cars and I've wanted one ever since they came out. But it looks like by the time I finish college and then med school these cars will be sitting in the 100-150k range and as much as I love the car Idk if it'll ever be worth THAT much- especially used.
|
Appreciate
0
|
11-03-2017, 04:14 PM | #10 | |
coupe la goon
375
Rep 1,641
Posts
Drives: green, black, white
Join Date: Jan 2006
Location: pdx
iTrader: (26)
Garage List 2011 BMW 1M Coupe [10.00]
2013 BMW M3 Coupe [10.00] 2010 BMW 535i xDriv ... [0.00] 2008 BMW M3 Coupe ( ... [0.00] |
Quote:
|
|
Appreciate
0
|
11-03-2017, 04:35 PM | #11 |
Major General
51319
Rep 7,236
Posts |
|
Appreciate
1
sterile stork375.00 |
11-03-2017, 04:53 PM | #12 |
Primo Generalissimo
4906
Rep 4,135
Posts
Drives: All of them
Join Date: Jun 2009
Location: DC area
|
|
Appreciate
0
|
11-03-2017, 05:39 PM | #13 | |
Lieutenant
85
Rep 562
Posts
Drives: 2011 1M VO
Join Date: Dec 2011
Location: Chicago
|
Quote:
|
|
Appreciate
0
|
11-03-2017, 08:40 PM | #14 |
Private First Class
89
Rep 132
Posts |
What champignon said.
As to asiflicious: I was almost exactly in your position 20 years ago. The one that got away was the buick grand national GNX. Now I own a 1M. Some similarities in the two. Now those cars go for over a 100k which I can't seem to bring myself to get a grand national for that price. My point is that in 20 years there will be another special version of a great car that you too will have and enjoy. I don't know how many 1Ms there are left in the US. Very doubtful it is down to 400. |
Appreciate
0
|
11-03-2017, 10:20 PM | #15 | |
Disrupter
1566
Rep 2,484
Posts |
Quote:
I would guess there are at least 700 total 1Ms currently running in the USA, if you include all the ones with branded titles. Of these there are probably 500 or more that are in good enough condition, with low enough mileage, to garner collector interest. I think they will hold their own in value, maybe increase a bit, but hitting $100K in value in the next 10 years, other than as a result of hyperinflation is very unlikely in my view. |
|
Appreciate
0
|
11-03-2017, 10:23 PM | #16 | |
Lieutenant Colonel
412
Rep 1,622
Posts |
Quote:
__________________
2023 G80 M3 2020 F87 M2C 2011 E82 BMW 1M Series Coupe Check me out at Point.Shift.Drive (YouTube) |
|
Appreciate
0
|
11-03-2017, 10:41 PM | #17 | |
Disrupter
1566
Rep 2,484
Posts |
Quote:
I sold the bottles that I had years ago, through an online auction operated by a wine store, and received store credit in return. One of the few "good investments" I ever made in wine. My most recent taste of this wine was 4 years ago in a fine restaurant in France that is located not far from where the primary owners of the estate live. I was seated at the adjacent table to theirs. He is French and she was originally American. We have met several times over the years, very briefly. They recognized me and graciously offered me a thimble-full taste of the 1961, which they were drinking with another couple, a bottle brought in from their own cellar. In all honesty, the wine was old and tired, but it was a thrill to taste it, nonetheless. You don't need to spend anywhere near this much money to find an enjoyable red Burgundy to have with dinner :-) |
|
Appreciate
1
JP-1M174.00 |
11-05-2017, 08:05 AM | #18 |
Lieutenant Colonel
248
Rep 1,585
Posts
Drives: 2011 VO 1M
Join Date: Sep 2010
Location: Jupiter, FL
iTrader: (28)
Garage List 2010 Porsche 911 GT3 [10.00]
2021 BMW X5 SD40i [0.00] 2023 Toyota TRD Pro [0.00] 2011 BMW 1M [9.83] 2014 Ford Raptor [0.00] 2005 Ariel Atom 2 [0.00] 2008 135i SOLD [10.00] |
^ I'll have you over for steaks, take the 1M out of the "chiller" and you bring the wine
__________________
///1M #643 of #740
|
Appreciate
0
|
11-05-2017, 10:57 AM | #19 |
Lieutenant Colonel
684
Rep 1,934
Posts |
Interesting this particular AW 1M sold for $64k. There are lower mileage examples on sale for less money or the same money. I think the bidding war at the end helped a lot.
However, $100k or bust baby! To the moon! |
Appreciate
0
|
11-05-2017, 11:29 PM | #20 | |
Disrupter
1566
Rep 2,484
Posts |
Quote:
I would have second thoughts. In fact, I might sell or trade it if that were to happen. I think I would become so worried about having an accident in it, that it would just sit. And if it is going to sit in my garage and not get driven, then why own it in the first place? That is what happened to the bottles of wine I purchased long ago that appreciated to ridiculous values; I sold them to someone even dumber than myself, and bought a whole bunch of really good wine that I actually have drunk. |
|
Appreciate
0
|
11-06-2017, 09:21 AM | #21 | |
Lieutenant Colonel
684
Rep 1,934
Posts |
Quote:
Personally, I'd still drive it. Agreed upon value with my insurance carrier and enjoy the drive. These are material items, they exist for me, not the other way around. If they are rare and increase in value, all the better. I will not let it if affect my enjoyment, unless for the better. Here's to less speculating and more enjoying. |
|
11-06-2017, 05:11 PM | #22 | ||
Private First Class
174
Rep 162
Posts
Drives: Alpine White 1M
Join Date: Jan 2017
Location: Japan
|
Quote:
Don't cage your 1M in this future scenario. Daily drive it. The relatively negligible depreciation will be offset by the joy it brings you. Just make sure to insure it properly.
__________________
American driving an Italian market German car in Japan.
|
||
Appreciate
0
|
Post Reply |
Bookmarks |
|
|